Novartis lets Bayer and other suitors see animal-health books

|About: Novartis AG (NVS)|By:, SA News Editor

Novartis (NVS) has reportedly opened the books of its animal-health business to Bayer (BAYRY) and other potential suitors so that they can carry out their due diligence.

Novartis' animal-health unit generates sales of $1.1B and that of Bayer $1.7B, so a combination would create the number three or four company in the sector. Zoetis is the industry leader.